February 26, 2016
The main issues discussed by business leaders in meetings with their business mentors in the latter part of 2012 and early 2013 are:
Economic Factors
Slow payments are impacting on cash flow and banks exerting pressure.
Retail sector is suffering due to economic uncertainly and Internet sales.
Technology
Keeping up with changes and trends in IT and communications is just getting harder.
Also deepening complexity of how the various social media platforms impacts on business and how best to adapt and use these applications responsibly and to our best advantage.
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We conducted our annual survey of our mentoring clients in November 2012 and had a 71% response rate. The Mentees were asked to rank their experience with their international Business Mentor in respect of various factors.
The table below shows that the factors ranked highest by our mentees in the Excellent column are Sounding Board, Strategy development, Ideas generation, Better business performance and Own motivation. The lower half in the excellent column are Personal performance improvement,
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Why 2012 you may ask? The power of this article comes from accepting the limitations of society’s capacity and capability to keep up with the rate of change of technology used to replace people in the decision making processes of modern business, hence the need for time to establish a limiting boundary. Change is the law of life!
Abstract
This article is about a journey of discovery focused on the impacts and side-effects of the rapid rate of change of technology used by modern business in gaining and maintaining that elusive competitive advantage.
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